Vaughan Nelson Investment Management L.P. reduced its stake in shares of Mastercard Inc (NYSE:MA) by 13.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 367,596 shares of the credit services provider’s stock after selling 58,390 shares during the quarter. Mastercard comprises about 1.0% of Vaughan Nelson Investment Management L.P.’s investment portfolio, making the stock its 21st largest holding. Vaughan Nelson Investment Management L.P.’s holdings in Mastercard were worth $81,830,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of MA. FMR LLC raised its stake in shares of Mastercard by 6.0% during the second quarter. FMR LLC now owns 39,120,141 shares of the credit services provider’s stock valued at $7,687,891,000 after purchasing an additional 2,229,947 shares in the last quarter. Jennison Associates LLC raised its position in Mastercard by 4.8% in the third quarter. Jennison Associates LLC now owns 15,023,688 shares of the credit services provider’s stock worth $3,344,423,000 after acquiring an additional 693,667 shares in the last quarter. BlackRock Inc. raised its position in Mastercard by 0.7% in the second quarter. BlackRock Inc. now owns 65,030,203 shares of the credit services provider’s stock worth $12,779,736,000 after acquiring an additional 452,200 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd raised its position in Mastercard by 45.6% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,428,465 shares of the credit services provider’s stock worth $317,990,000 after acquiring an additional 447,615 shares in the last quarter. Finally, Royal London Asset Management Ltd. bought a new stake in Mastercard in the second quarter worth about $75,734,000. Institutional investors and hedge funds own 74.52% of the company’s stock.
Shares of MA opened at $201.07 on Friday. The stock has a market capitalization of $203.11 billion, a P/E ratio of 43.90, a P/E/G ratio of 1.69 and a beta of 1.22. Mastercard Inc has a 1-year low of $140.61 and a 1-year high of $225.35. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.55 and a current ratio of 1.55.
The business also recently declared a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Tuesday, October 9th were paid a $0.25 dividend. The ex-dividend date was Friday, October 5th. This represents a $1.00 dividend on an annualized basis and a yield of 0.50%. Mastercard’s dividend payout ratio is currently 21.83%.
In related news, Director Richard K. Davis purchased 2,475 shares of the company’s stock in a transaction that occurred on Friday, November 2nd. The shares were purchased at an average price of $196.37 per share, with a total value of $486,015.75. Following the purchase, the director now owns 3,468 shares of the company’s stock, valued at approximately $681,011.16. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.32% of the company’s stock.
Several brokerages have commented on MA. Zacks Investment Research cut shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Tuesday, November 20th. Barclays began coverage on shares of Mastercard in a research report on Wednesday, November 14th. They issued an “overweight” rating and a $240.00 price target on the stock. Loop Capital set a $232.00 price target on shares of Mastercard and gave the stock a “buy” rating in a research report on Wednesday, October 31st. BMO Capital Markets boosted their price target on shares of Mastercard from $238.00 to $248.00 and gave the stock an “outperform” rating in a research report on Thursday, November 1st. Finally, Royal Bank of Canada boosted their price target on shares of Mastercard from $223.00 to $232.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 11th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $220.55.
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Mastercard Company Profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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